What-cha Gonna Do When Your Nation's Oil Runs Dry?

Imagine you are an Oil Exporting Country, oh yah, imagine your good fortune, but is it really all it's cracked up to be, remember; all good things come to an end. Indeed, a recent economic survey of African Nations showed excessive inflation of oil exporting countries and moderate to high inflation of non-oil exporting countries. While both categories of nations faced higher food prices.

You see, any Banana Republic or Natural Resource Republic loses productivity when they expect that resource to always be there, then when it's gone or dries up, where are they. Then there is the environmental issue. If you trash your nation strip mining or cutting down the forests you have to pay a price later. I.e. what were the inhabitants of Easter Island thinking when they cut down the last tree? [Jered Diamond- "Collapse"].

This is an excellent discussion topic that needs to be addressed, as the people are often the ones who suffer when oil exporting countries fail to pay attention to their economic conditions, while a few get rich and the social divide gaps wider. There is a lot of common sense, observational proof and historical data to back-up this dilemma, it's real and even if there is plenty of oil in the World today, that does not mean individual exporting nations will not feel the pain of their own peak oil problems.

So, what's the solution? Well, the solution is diversification and building up of small business infrastructures, and proper investment into other potential growth industries. Many nations in Africa, the Middle East and other parts of the world need to be thinking here, says economic advisor for the Online Think Tank.

"Lance Winslow" - Online Blog Content Service. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/. Lance Winslow's Bio